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Industry

Ayala Corp Is Booking a P1.6 Billion Loss in the Sale of a Majority Stake in German Car Parts Firm

A strategic realignment.

Ayala Corp, through its wholly owned AC Industrial Technology Holdings Inc. unit, is selling its majority stake in MT Technologies GmbH to a Munich, Germany-based company. In a disclosure to the Philippine Stock Exchange, Ayala Corp said it has decided to ...

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